alt Hacker NewsAll steel production is pushed out while the EU still produces some 10% of all global output?
Sweden has been researching and deploying technologies for foundries to not rely on fossil fuels for steel production (since steel is a major export), regulations are doing what's intended to do: move steel production to non-fossil fuel dependent processes.
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You need A LOT of electricity to have coal free steel production. Its not green but typical greenwashing - you don't emit CO2, but you import energy made from coal etc. That's why Sweden have undersea power cable with Poland LOL
We are talking here about REALLY huge amount of Entergy
or move it away, depending on the government.
i.e.: the shitshow that is going on with ILVA, our past government of grifters tried to screw over AM, which was trying to go the green route but didn't want to get sued over and over for natural disaster (caused by the previous ownership. Government promised to get that into law but at some point they did a 180), and they pulled out, since then the goal for our current government of grifters has clearly been to close the plants and send workers home with redundancy funds paid by whoever was going to buy the plants (and the taxpayers). For the last couple of years the projected job loss was around 6000 units (coincidentally the exact amount of workers in the Taranto plant), for the last two months it was around 13000 units (so like 90% of the working force) and yesterday it was 20000?
The issue with the green steel production in Sweden is not about regulations, nor even about energy. It is that every aspect of green hydrogen is more expensive in reality than what was promised/predicted 20 years ago, and the prices are not going down in the way that people wished. 90% of Steel foundries work through using natural gas, and when natural gas prices went after Russia invasion of Ukraine, the result has been a struggling steel industry and production moving to countries which continue to buy gas from Russia (at a discounted war price).
The market price for energy regularly reaches close to 0 in nordpool during periods of optimal weather conditions, but the market price for green hydrogen do not. It has been and continue to be quite more expensive than natural gas. Hydrogen is also a very tricky and expensive to work with, and the cost to modify or construct new foundries to use hydrogen is not simple nor a cheap upgrade. Regardless of what they do with regulations, the problem with green hydrogen are not one that politicians can solve without reaching for subsidies and pouring tax money into the black hole (which is what the Swedish government decided a few days ago).